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Is it a Buyers Agency or Dual Agency?

Agents for both the buyer and the seller are commonplace in real estate deals. However, there are certain instances of real estate agents serving as a dual agency. There are situations where a real estate agent can serve as both a seller’s and buyer’s agent. 

Property buyers often have issues to locate buyers agency queensland to handle the buying property process, due to lack of trust and doubts, such as – will he/she be working in my favour or against me?

Should you team up with a dual agent? Let’s analyze the benefits and drawbacks in further detail.

How Does Dual Agency Work?

When a real estate agent represents both the buyer and the seller in a transaction, this is known as a “dual agency.” Instead of having one agent negotiate on behalf of both parties in a real estate transaction, it is more customary for each side to have its own agent.

When you find yourself falling in love with a home that your real estate agent also happens to be selling, it is possible to work with a dual agent. But if the thought of working with someone who represents both the seller and the buyer makes you uneasy, you are under no obligation to do so. Keep in mind that dual agency is prohibited by law in some jurisdictions.

Who Gains in Dual Agency?

If you’re a property buyer, the convenience of a dual agent setup can appeal to you. Potentially lessening the burden of paperwork and facilitating better communication between the buyer and seller when there is only one agent engaged.

While the buyer does stand to gain from this arrangement, the dual agent stands to gain the most.

The dual agent’s goal is to find a compromise that benefits both parties. However, as a dual agent, they have an additional incentive to rush through the deal without giving much thought to the finer points of the negotiations.

They stand to gain from commissions from both the buyer and seller. Therefore, completing the transaction at or near the asking price is in their best interest. Both the buyer and the seller may end up paying more in commissions than they should because of the real estate agent’s inability to fulfill their fiduciary duties to them individually.

The Downsides of Dual Agency

There are several drawbacks to a dual agency setup that you should know about. The following are examples of these:

  1. There is a potential conflict of interest between the agent and the buyer if the agent’s commission is tied to the final sales price.
  2. Although both the agent and the seller desire to maximize profit, the agent may feel pressured to expedite the sale at the expense of a higher price.
  3. There can be no impartial counsel given by a dual agent to either of the parties they represent.
  4. As the agent’s workload rises, his or her availability decreases. Buyers and sellers must compete for the time of a dual agent, who must handle twice as much business as an exclusive agent.
  5. There are use cases when the disadvantages are acceptable. It’s not a good idea to force yourself into an uncomfortable situation.

Are Dual Agencies Illegal?

Despite your desire to collaborate with a double agent, doing so may be illegal in your state. The states of Alaska, Colorado, Florida, Kansas, Maryland, Wyoming, Texas, and Vermont all have explicit bans on the practice.

In most jurisdictions, dual agents are permitted to do business. However, they are often subject to certain limitations. If the issue of dual agency arises, the agent cannot proceed without the buyers’ and sellers’ express written consent. If your Brisbane buyers agent is a dual agent, he cannot represent both parties without the express written permission of both.

Dual Agency Vs. Designated Agency

A dual agent is one who represents both the buyer and the seller in a same transaction.

Dual agents are frequently confused with designated agents. Designated agents, like buyers agents in Queensland on the other hand, are not working together as a dual agent would. Both agents must be licensed real estate brokers, however, they need not operate for the same firm.

When you have a designated agent, you can feel assured that they are looking out for your best interests. Many buyers then, prefer to use a buyers agent to guarantee that their realtor is acting in their best interests.

Should you Hire a Dual Agency?

By having two agents work for both the buyer and the seller, the home-selling process can go more smoothly for everyone involved. You shouldn’t enter into this contract without careful consideration. Considering the dual agent’s potential effects on your decision is highly recommended.

Instances when avoiding dual agency is problematic include:

  • Multiple agents from the same firm often cover the same geographic area.
  • Few agents operate in a concentrated region.

It is also possible for a dual agency to occur without the buyer’s knowledge in situations such as:

When built from the ground up: New home buyers who go to the sales office meet with agents who work for the seller (the builder). To the untrained eye, this connection may not be immediately apparent. When purchasing new construction, savvy buyers will work with a single agent to protect their interests, but many purchasers are unaware that this is an option.

An open house: A listing agent holding an open house for an investment property is likely working on behalf of the property’s seller. There will also be a sign-in page for potential homebuyers to provide their contact information on. One interested buyer may be swayed to employ the selling agent just because they hit it off with them at the open house and want to buy the property.

Online listing: One day, when house-hunting online, you come upon a place that piques your attention. A buyers agent’s contact details are included in the listing. You may be in a dual agency position if you contact them directly rather than using your own agent (one who works for a different organization).


Although there is nothing improper about using a dual agent (in jurisdictions where it is legal), verifying that your real estate agent is serving your best interests might be difficult. Having your own agent to look out for your interests could save you a lot of hassle.

Be sure to give working with a dual agent careful consideration before agreeing to do so. Start applying for a mortgage when you’ve found a reliable real estate agent and are ready to begin house hunting. This way, you can make an offer on the house of your dreams as soon as you locate it.

For property buyers to know the best timing for the right property in the Brisbane property market, and when to take the best opportunity in property purchase, our buyer’s agent recommends that you follow the right buying process for your particular property. Contact the best buyers agents Queensland for the best results.

At buyers agency Queensland, we always have the interest of our clients at the centre of our operations. Working with our experts Brisbane Buyer’s Agents, you can be rest assured you are getting the right property.

Related: What are the Responsibilities of a Buyers Agency?

What are the Responsibilities of a Buyers Agency?

Home buying is a tricky journey, even in the best of times. Right now, in Australia, we’re in a seller’s market, and it’s practically impossible for a buyer to get a fair shake. Consequently, you may have asked if a Queensland or Brisbane buyers agent is necessary when purchasing an investment property in that area.

What Services Does Investment Property buyers Agents Offer?

From initial property research to final contract execution, a good Queensland buyers agent is there every step of the way. Further, the best buyers agencies in Queensland will only collect a commission if they successfully sell you a home; they will not try to profit from the transaction from both ends.

So, what exactly does a competent buyers agency accomplish?

Locate Suitable Real Estate Agents Listings

A professional buyers agency in Queensland will take the time to get to know you and your situation thoroughly before making any recommendations or suggestions. A good queensland buyers agent will only care about your interests and not those of the seller.

Because they want to find you the perfect home that you can call “forever,” they’re willing to spend whatever it takes. They should genuinely care about satisfying you and finding you the most affordable option.

Assist in Making Proposals

Buyers agent from a good Queensland buyers agency will act as your advisor, and your coach, guiding you through the process of how to make fair and strategic offers once you’ve found the home or homes you want to make an offer on.

They will be familiar with every inch of the house you’re considering purchasing, allowing them to spot potential issues and advantages. You should expect them to make every effort to ensure you have all the information you need before making an offer on a home. If so, what needs mending? Is there anything wrong with the house? Were there any issues with the seller?

A good Queensland buyers agent should be aware of all of this, be 100% transparent with you, and lead you in the right direction.

Discuss Terms with the Vendor

No one expects you to haggle with the seller. Where the seller’s agent and the Queensland buyers agent to be employed by the same firm, as in the hypothetical scenario, then the negotiations would take place at the agency’s water cooler, and the terms would be decided upon in such a way as to maximize the profits of both agents.

A buyers agent works the other way around. Your dream home deserves the best deal possible, and a good buyers agent in Queensland will negotiate with the seller on your behalf.

Provide Referrals to Professionals

Good buyers agents in Queensland understand that they are not substitutes for legal counsel, home inspections, or relocation services. When you need to find a top expert in a particular field, they should know who to recommend.

How to Find an Exclusive Buyers Agent

You could go about this the hard way. Inquiring about it might be a good idea. You may look into buyers agents you’ve heard about. You could research their recent transactions, consult with their previous customers, and get recommendations for the best buyers agent.

And there’s nothing wrong with that! Actually, there’s nothing stopping you from doing the following during the interview process, even though we’re going to present a simpler way to find a good buyers agent.

After all, you’re trusting this person with the responsibility of locating your ideal retirement community. It’s like going on a job interview, so act professionally. Qualities to look out for in potential agents include;

Effective Communication

A reliable buyers agent in Queensland will keep you apprised of developments in whatever method they deem most appropriate. How much of your time will be spent interacting with the actual agent versus their assistants and secretaries?

Before committing to a partnership with someone who will significantly impact your future, you should consider these factors.

Access to a Large and Rich Portfolio

You should inquire about the strategy your buyers agent will use to locate properties within your price range. Inquire as to the experiences of past customers and the level of service they received.

You should ask for referrals if you want to talk to some of their other customers. A trustworthy buyers agent in Queensland will gladly provide you with contact information for satisfied customers.

Outstanding Negotiation Skills

Find out how your buyers agent plans to negotiate the best price for you. Inquire about their offer procedure. You should interrogate them on their level of aggression. Inquire as to their expectations of you and the degree to which you are willing to budge during negotiations.

How to locate Buyers Agency Easily

Here at Buyers Agency Australia, we represent only the property buyers who are serious about buying property, so there is no chance of a conflict of interest occurring at our company. None of our agents will ever act as agents for both the buyer and the seller in a transaction.

The duty of an Exclusive buyers Agent (EBA) toward their client-buyers can be summed up as follows.

  • Loyalty
  • Obedience
  • Confidentiality
  • Accounting
  • Adequate Knowledge and Caution
  • Disclosure

Since we never represent sellers, our Exclusive Buyer Agents will always look out for your best interests. Therefore, they will consistently offer advice and information that will benefit you, the buyer.

They will negotiate exclusively on the buyers behalf to get the best price and terms for the buyer — they represent you, no one else. And they have your best interests in mind when it comes to protecting contractual contingencies.

One Can Easily Decide: Choose an Exclusive Buyer Broker

Hire a real estate agency that will look out for your best interests first when purchasing a home. They work for no one but you. They make no money if the seller gets a good deal — they make money when you get a good deal. Choose Buyers Agency Australia, and rest assured to get the best deal for your purchase.


For property buyers to know the best timing for the right property in the Brisbane property market, and when to take the best opportunity in property purchase, our buyer’s agent recommends that you follow the right buying process for your particular property. Contact the best buyers agents Queensland for the best results.

At buyers agency Queensland, we always have the interest of our clients at the centre of our operations. Working with our experts Brisbane Buyer’s Agents, you can be rest assured you are getting the right property.

Related: Is it a Buyers Agency or Dual Agency?